Director Augustin: Kessler and Percent Percent

director augustin: Paris-based investment fund CIAM wanted to split the chairman and CEO roles at French re-insurer Scor SE, which has been run for 17 years by Denis Kessler, according to The Independent. In addition, it tried to prevent the reelection of the company's lead independent director Augustin de Romanet. The lesson for investors is clear Pick your battles. The specific trigger was Kessler's rejection last year of an unsolicited takeover approach for Scor from its biggest shareholder, Covea Group, another French insurer. The specific votes on him and Romanet were rejected by 74 percent and 85 percent on Friday. The challenge to Kessler's authority may only have reinforced his dominance. (news.financializer.com). As reported in the news.